Outsourced

Corporations that outsourced jobs from the U.S. to Mexico to China in search of low wage employees are now off to Cambodia. Where next?

The Leveraged Buyout of the United States

Mitt Romney bought companies through LBOs: borrowing the purchase price using the target company itself as collateral, then selling off the profitable parts and cutting loose employees to turn a profit. Now he’s pretending to have votes polls say he doesn’t have, trying to convince undecided voters who want to back a winner to climb aboard his ersatz winning horse. It’s the attempted leveraged buyout of the United States.

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